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    TVS Sales, Exports Breakup Oct 2021 – Apache, Jupiter, Ntorq, Raider

    Image – The Bikers DiaryTVS Motor Company domestic sales dipped 14.10 percent with the only model posting any significant increase YoY being the iQube
    TVS Motor Company has experienced de-growth both where domestic sales (-14.10 percent) and exports (-0.12 percent) are concerned. Taking domestic sales into account, almost every model in the company lineup posted a YoY de-growth except for the RR310 and more specifically the TVS iQube.
    Total domestic sales last month stood at 2,58,877 units, down from 3,01,380 units sold in October 2020 – a difference of 42,503 units. Exports on the other hand remained more or less flat with 80,525 units shipped in October 2020 while shipments in the past month stood at 80,428 units.
    TVS Sales Breakup Oct 2021 – Jupiter Tops List
    TVS Jupiter commanded domestic sales list with 72,261 units, down 2.56 percent over 74,159 units sold in October 2020 with a 27.91 percent share in the company lineup. TVS Jupiter scooter was also the second best-selling scooter in India following the Honda Activa, commanding a 16.53 percent market share.
    Next up was the TVS XL moped with 55,356 units sold last month, down 31.04 percent over 80,268 units sold in October 2020 with a 21.38 percent share while at No. 3 was the TVS Apache motorcycles. Sales of the Apache stood at 39,799 units, down 2.79 percent over 40,943 units sold in October 2020.
    TVS Sales Oct 2021 Breakup
    At No. 4, TVS Ntorq sales also dipped in October 2021 by 18.50 percent to 25,693 units, down from 31,524 units sold in October 2020. The Ntorq 125 has found a new rival with the launch of Suzuki Avenis launched at Rs 86,700. TVS Sport (19,730 units), Radeon (15,596 units) and Raider (10,553 units) followed in quick succession. The Sport and Radeon posted a YoY de-growth while the Raider is a new entrant launched in September 2021 at Rs 77,500.
    October 2021 sales of TVS Star City, Pep+ and Zest also posted de-growth while the RR310 sales increased marginally by 0.20 percent to 497 units up from 496 units sold in October 2020. Sales of the iQube increased by 1134.38 percent to 395 units in October 2021, up from just 32 units sold in October 2020.
    TVS Exports October 2021
    TVS Exports stood flat on a YoY basis. Exports which had stood at 80,525 units in October 2020 dipped 0.12 percent to 80,428 units in the past month. TVS Star City 125 was the best-selling model in global markets. Sales increased 59.10 percent to 39,143 units in the past month, up from 24,603 units shipped in October 2020. Share in the company lineup stood at 48.67 percent. The Star City suffered 55.05 percent de-growth, with sales of 12,664 units, down from 28,173 units sold in October 2020.
    TVS Exports Oct 2021 Breakup
    TVS Apache also posted a YoY de-growth of 3.90 percent to 12,549 units in the past month, down from 13,058 units exported in October 2020. More positive exports were reported for the TVS Sport and Ntorq which increased 26.10 percent to 7,914 units and 11.56 percent to 4,255 units respectively.
    The new TVS Raider saw shipments to the tune of 1,169 units last month. Victor exports also increased 16.67 percent to 1,120 units, up from 960 units shipped in October 2020. YoY de-growth in terms of exports was seen in the case of TVX XL (672 units), Radeon (520 units), Wego(264 units) and also for the Jupiter (125 units) and RR310 (33 units). More

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    TVS Plans Rs 1,200 Cr Investment For Upcoming Electric Motorcycles, EVs

    TVS electric motorcycle render. Credit – Abin DesignsThe latest MoU between TVS and Tamil Nadu will have a significant beneficial effect on small and medium industries directly or indirectly associated with TVS
    TVS Motor has taken a giant leap towards electrification. The company has signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu. According to the MoU, TVS will be investing a whopping Rs 1,200 crore over a period of four years in the electric vehicle (EV) space in the state.
    The MoU was signed at the Tamil Nadu Investment Conclave 2021 in Coimbatore in the presence of Chief Minister of Tamil Nadu, M K Stalin and Venu Srinivasan, Chairman, TVS Motor Company. The investment will cater to building EVs and developments of future technologies in the electric mobility space.
    TVS Upcoming Electric Vehicles – New EV factory
    A majority of this investment will be spent on building a new manufacturing facility in the state which will specifically cater to design, development and manufacturing of new products and capacity expansion in the EV space. The investment also reflects TVS’ continued commitment towards the state’s overall economic growth as a responsible corporate citizen.
    TVS stated that it is transforming itself into a digital age company with a connected, sustainable and electric brand. The company is committed to leading the technology development in EV and green fuel and leading the way to the electrification of the two-wheeler segment in the country.
    TVS Creon Electric Scooter Concept
    This development comes after Ola Electric made a swashbuckling entry into the country’s EV space earlier this year with a new Futurefactory, which is the world’s largest electric two-wheeler manufacturing facility.
    TVS might retail its future battery-powered models in a separate vertical dedicated to EVs. TVS reportedly has plans to launch a range of new electric vehicles including scooters, motorcycles, three wheelers, etc in the coming years. All these are expected to be manufactured at this new plant.
    TVS iQube- Mechanical Specs & Features
    Currently, TVS has only one EV offering in the form of iQube electric scooter in its entire lineup. Initially launched in January last year, the e-scooter is now available in many cities across the country. Priced a little more than Rs 1 lakh, it directly rivals the likes of Ather 450X, Bajaj Chetak and Ola S1. TVS iQube sales crossed the 4k mark for 2021 last month. It has stayed ahead of rival Chetak by a margin of about 200 units.
    Powering iQube is a 4.4kW hub-mounted BLDC motor that derives its energy from a 2.25kWh battery pack. This powertrain returns 3kW power and 140 Nm of peak torque and a claimed range of 75km for a single charge. The e-scooter gets two modes- Eco and Sport.
    iQube also comes loaded with features such as full-LED lighting along with a full-colour TFT instrument cluster sporting TVS’ SmartXonnect function. It allows connecting the display with a smartphone through Bluetooth for giving access to various information such as ride stats, remote battery range and geo-fencing. More

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    Electric Scooter Sales Oct 2021 – Bajaj Chetak Vs TVS iQube

    Bajaj Chetak Electric ScooterWhile Chetak records its highest ever sales this year in October, iQube MoM sales have nearly halved
    Close fight between Bajaj Chetak and TVS iQube continues with the former taking lead in October. However, iQube is still ahead in terms of overall sales during Jan-Oct period. Chetak and iQube sales during this period are 3,832 units and 4,065 units, respectively. While both scooters have positive YoY growth, iQube MoM growth has turned negative in October.
    Chetak Vs. iQube sales October 2021
    Chetak sales in October were at 835 units. YoY growth is 223.64%, as compared to 258 units sold in October last year. Chetak MoM growth is 30.06%, as compared to 642 units sold in September 2021.
    Increase in Chetak sales indicates that the company could be starting to recover from the global shortage of semiconductor chips and other imported components. Chetak sales have consistently improved in recent months, from 364 units in August to 642 in September. Its second best this year was in July when sales were at 730 units.
    iQube YoY growth is 1134%, up from 32 units in October last year to 395 units in October 2021. MoM growth is down by -48.43%, as compared to 766 units sold in September last year. iQube September sales were its highest this year. Barring some exceptions, iQube sales have consistently increased since January. Overall, the two scooters combined have registered YoY growth of 324.14%. MoM growth is down by -12.64%.
    Electric Scooter Sales Oct 2021 – Bajaj Chetak Vs TVS iQube
    Threat from rivals
    Bajaj and TVS were among the first established auto companies to launch their electric scooters. Chetak and iQube are already facing tough competition from the likes of Ola, Ather 450X and Simple One. Newer products to hit the market in recent times appear to be better equipped, as compared to Chetak and iQube. Their popularity is also on the rise, as was evident recently when Ola electric scooter clocked bookings worth Rs 1,100 crore.
    Competition in electric two-wheeler segment is expected to intensify even further when other mainstream auto companies launch their electric scooters / motorcycles. For example, Hero MotoCorp is pretty close to launching it first electric scooter.
    It could be named VIDA, as was recently revealed in registration documents. Later, the company could also launch electric motorcycles. Hero is developing its electric two-wheelers in collaboration with Taiwan-based EV manufacturer Gogoro.
    Electric Scooter Sales Oct 2021 – Bajaj Chetak Vs TVS iQube
    Another entrant will be Suzuki, which is expected to launch its first electric scooter soon. Instead of a new scooter, Suzuki has chosen to use its popular Burgman to build its electric scooter. Burgman electric scooter has been spied on road tests multiple times. It could be launched at a starting price of around Rs 1 lakh.
    Honda is also developing an electric scooter, especially for Indian market. It is expected to be launched sometime during 2022-2023. Although designed for India, Honda will be targeting export markets as well with its new electric scooter.
    Leading tech companies like Realme and OnePlus are also reported to be working on electric two-wheelers. Various other startups will also be entering this space in coming years, possibly with improved products. All of these will be a challenge for Chetak and iQube. More

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    Top 10 Two Wheelers Oct 2021 – Splendor, Activa, Pulsar, Jupiter, Apache

    Image – Vlogger Satyam GuptaTop 10 two-wheeler wholesales in October 2021 take a beating, sales decline reported at 16.78 percent
    Two wheeler sales always gets one’s attention considering the sheer volumes that are sold month after month. When it comes to the top of the order, it’s the usual suspects that lead by a margin. Cumulative wholesales for top 10 two wheelers last month fell by 16.78 percent.
    Volume fell to 11,26,760 units, down from 13,53,972 units. Volume loss is reported at 2,27,212 units. While this isn’t indicative of what the market holds for the months to come, there’s no denying that festive season sales for 2021 were weak.
    Top 10 Two Wheelers Oct 2021
    Hero Splendor wholesales account for most numbers at 2,67,821 units. Volume loss was just below 48k units, down from 3,15,798 units at 15.19 percent decline. While the top order always sees motorcycles dominate, as usual, Honda Activa scooter defies odds and pulls in 2nd.
    Wholesales are reported at 1,96,699 units, down from 2,39,570 units at volume loss of 42,871 units. Sales decline stood at 17.89. Both top sellers together account for just over 40 percent of total sales in the top order.
    Top 10 Two Wheelers Oct 2021
    Bajaj Pulsar and Platina sales
    Hero HF Deluxe sales fell by almost 30 percent. Wholesales dropped to 1,64,311 units, down from 2,33,061 units. Sales volume fell by 68,750 units. Honda CB Shine sales decline was comparatively lower at 4.21 percent. Wholesales fell to 1,13,554 units, down from 1,18,547 units. Volume loss is reported at under 5k units.
    Bajaj Pulsar sales fell by about 37 percent. This effectively took wholesales to under a lakh units at 86,500 units. Volume loss stood at 51,718 units, down from 1,38,218 units. Pulsar 250 has been launched in the meantime. Deliveries for which have now commenced.
    Bajaj Platina sales is the only motorcycle that’s in the green in the top list. Wholesales grew by about 38 percent, up at 84,109 units. Volumes grew by 23,142 units, up from about 61k units.

    Top 10 Two Wheelers
    Oct-21
    Oct-20
    %

    1. Hero Splendor
    2,67,821
    3,15,798
    -15.19

    2. Honda Activa
    1,96,699
    2,39,570
    -17.89

    3. Hero HF Deluxe
    1,64,311
    2,33,061
    -29.50

    4. Honda CB Shine
    1,13,554
    1,18,547
    -4.21

    5. Bajaj Pulsar
    86,500
    1,38,218
    -37.42

    6. Bajaj Platina
    84,109
    60,967
    37.96

    7. TVS Jupiter
    72,161
    74,159
    -2.69

    8. TVS XL100
    55,356
    80,268
    -31.04

    9. Suzuki Access
    46,450
    52,441
    -11.42

    10. TVS Apache
    39,799
    40,943
    -2.79

    Total
    11,26,760
    13,53,972
    -16.78

    TVS XL100 sales decline
    TVS Jupiter scooter sales fell marginally to 72,161 units, down 2.69 percent. Volume loss was pegged at just below 2k units, down from 74,159 units. TVS also sells the popular moped model, XL100. It is the most affordable TVS on offer, and also the one which registers highest sales for the company. Last month though, wholesales fell by a noticeable 31.04 percent, down at 55,356 units. Volume loss was pegged at just under 25k units, down from 80,268 units.
    Suzuki Access sales fell by 11.42 percent. Wholesales were down to 46,450 units, down from 52,441 units. Volume loss stood at just below 6k units. Suzuki is getting ready to launch a new scooter in India. TVS Apache sales fell to 39,799 units, down from 40,943 units. Volume loss stood at 1,144 units at 2.79 percent sales decline. More

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    TVS Motor Sales Oct 2021 – Apache, Jupiter, Ntorq, Raider, iQube, XL100

    Image – Deepak Rao VlogsTVS Motor Company reported a de-growth across motorcycle and scooter sales in domestic markets while exports increased marginally
    TVS Motor Company has registered a de-growth of 10.06 percent in October 2021 sales of two and three wheelers. Exports on the other hand noted an increase. Total sales (2 and 3 wheeler) stood at 3,55,033 units, down 10.06 percent over 3,94,724 units sold in October 2020 relating to a difference of 39,691 units.
    TVS Motor Sales Oct 2021 – Two Wheelers
    Two wheeler sales, that included motorcycles, scooters and moped, saw a 14.14 percent decline in domestic sales while exports increased 2.47 percent. Motorcycle sales dipped 0.52 percent to 1,72,361 units in October 2021, down from 1,73,263 units sold in the same month of the previous year. Motorcycle sales were led by Apache, Raider, Sport, Radeon, Star City and the RR 310.
    Scooter sales also fell 11.02 percent to 1,13,124 units, from 1,27,138 units sold in domestic markets in October 2020. In scooters, TVS offers Jupiter, New Jupiter 125, Ntorq, Zest, Scooty Pep+.
    Moped sales that included the TVS XL 100 saw a 31.44 percent YoY decline to 56,028 units in the past month from 81,720 units sold in October 2020. This took total 2 wheeler domestic sales down 14.14 percent to 2,58,777 units in October 2021, from 3,01,380 units sold in October 2020 a difference of 42,603 units.
    TVS Motor Sales Oct 2021 vs Oct 2020 (YoY)
    Exports on the other hand saw better results with a 2.47 percent YoY increase to 82,736 units sold, up from 80,741 units sold in October 2020. Total two wheeler sales dipped 10.63 percent to 3,41,513 units in October 2021 from 3,82,121 units sold in October 2020.
    Month-on-Month sales of two wheelers increased in the case of motorcycles and scooters while moped sales dipped. Motorcycle sales increased 3.80 percent from 1,66,046 units sold in September 2021 to 1,72,361 units sold last month while scooter sales increased 8.68 percent to 1,13,124 units from 1,04,091 units sold in September 2021.
    Moped sales suffered a 10.17 percent MoM de-growth from 62,374 units sold in September 2021. This took total two wheeler domestic sales up 6.02 percent to 2,58,777 units in October 2021 over 2,44,084 units sold in September 2021. TVS XL, Jupiter and Apache lead the sales charts while Ntorq, Sport and Radeon also added good numbers to domestic sales.
    TVS Motor Sales Oct 2021 vs Sep 2021 (MoM)
    MoM exports however dipped 6.44 percent from 88,427 units shipped in September 2021 while three wheeler exports fell 9.96 percent from 13,832 units sold in September 2021 to 12,455 units sold in the past month.
    Three Wheeler Sales and Exports
    Three wheeler YoY sales along with exports increased 7.28 percent YoY to 13,520 units, up from 12,603 units sold in the same month of the previous year. In domestic markets, the company sold 1,065 units, up 29.25 percent over 824 units sold in October 2020. Exports increased 5.74 percent to 12,455 units in October 2021 up from 11,779 units shipped in October 2020. Three wheeler totals thus stood at 13,520 units, up 7.28 percent over 12,603 units sold in October 2020. TVS Motors offers a range of 3 wheeler models in India with the most popular being the King Duramax.
    MoM sales of three wheelers increased 31 percent in domestic markets from 813 units sold in September 2021. Exports however, dipped 9.96 percent over 13,832 units shipped in September 2021. Total three and two wheeler domestic sales and exports increased 2.27 percent to 3,55,033 units in October 2021 over 3,47,156 units sold in September 2021. More

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    TVS Sales, Exports Breakup Sep 2021 – Apache, Jupiter, XL100, Ntorq

    Image – MRD VlogsTVS Motor Company was the third best selling two wheeler maker in India in the past month, after Hero and Honda
    Two wheeler sales in India were on the decline last month. Every leading two wheeler automaker posted negative growth with the exception of TVS Motor Company. TVS Motor Company’s domestic sales in September 2021 stood at 2,44,084 units, as compared to sales of 2,41,762 units in the corresponding month last year. This was a marginal 0.96 percent YoY growth.
    TVS Sales, Exports Breakup Sep 2021
    TVS XL commuter continued to be the best selling two wheeler from TVS, with 61,664 units sold last month. This is a declined of 10.54 percent over 68,929 units sold in September 2020. The XL 100 currently commands a 25.26 percent share in total TVS two wheeler sales for Sep 2021. More recently, the company added a new Coral Silk colour option to its palate in addition to existing colours of Mint Blue, Luster Gold, Red Black and Grey Black
    TVS Jupiter was at No. 2 with 56,339 units sold last month and was the second best-selling scooter in the country after the Honda Activa. This was a 0.45 percent growth over 56,085 units sold in September 2020 while its share in the company lineup stands at 23.08 percent. The new TVS Jupiter 125 has been recently launched in India at Rs 73,400. It is based on a new platform, gets a new engine and comes with disc brake or a drum options upfront.
    The Apache range of motorcycles in the 160cc to 200cc segment, noted sales of 40,661 units last month, up 7.60 percent over 37,788 units sold in September 2020. Currently holding a 16.66 percent share, the company has just introduced the 2022 Apache RTR 160 4V in the Indian market starting from Rs 1,15,265 onward.
    TVS Sales Sep 2021
    TVS Raider 1st Month Sales
    TVS Ntorq, Sport and Radeon each posted YoY growth. The NTorq 125 grabbed a fifth position in terms of scooter sales in September 2021 with 29,452 units sold, a 12.63 percent growth over 26,150 units sold in September 2020. Sport sales also increased 3.59 percent to 14,650 units while Radeon sales increased 3.40 percent to 13,296 units in the past month.
    Sales of TVS Star City also increased 8.16 percent last month to 8,766 units, up from 8,105 units sold in September 2020. Next up was the new TVS Raider, which was launched recently. In its first month, it has registered sales of over 7k units. However, sales de-growth was reported in the case of the TVS Pep+ (-42.78 percent) and TVS Zest (-15.41 percent). It was the TVS iQube electric scooter that noted a surge in demand up 10842.86 percent to 766 units, from just 7 units sold in September 2020.
    TVS Exports Breakup Sep 2021
    In export markets, TVS Motor Company has posted a 22.11 percent growth in a YoY basis. Total exports which had stood at 70,684 units in September 2020, increased to 86,313 units in the past month.
    TVS Exports Sep 2021
    In global markets, it was the Star City 125 and Star City that were most in demand. Star City 125 sales increased 41.37 percent YoY to 32,619 units, up from 23,073 units sold in September 2020 with a 37.79 percent share. Star City sales increased 6.71 percent to 28,712 units last month, up from 26,907 units shipped in September 2020.
    At No. 3 it was the Apache, with a 23.31 percent YoY sales growth. Sales which had stood at 9,913 units in September 2020, increased to 12,224 units last month. TVS Ntorq and Sport also found increased demand in global markets, up 53.25 percent to 6,208 units and up 25.09 percent to 4,038 units respectively.
    Export de-growth was reported in the case of TVS Victor and XL, both of which dipped 28.57 percent and 14.35 percent respectively YoY in the past month. TVS Radeon, Raider and Wego saw exports increase to 440 units, 280 units and 230 units respectively while exports of the RR310 stood at 52 units. TVS Jive and Jupiter failed to find any buyers globally. More

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    New TVS XL100 Coral Silk Colour Option Launched

    New TVS XL100 Coral SilkJust ahead of the Diwali festive season, TVS XL100 Comfort i-TOUCHstart gets a premium new shade of Coral Silk
    The XL100 is TVS’s highest-selling product. It is also their most affordable two wheeler on offer. TVS XL100 is regaled for its high level of reliability, fuel efficiency and outstanding performance even across the highway.
    Currently being presented in colour options of Mint Blue, Luster Gold, Red Black and Grey Black, the company has added a new Coral Silk colour. This new Coral Silk colour to the TVS XL100 Comfort i-Touchstart connotes positivity and optimism.
    New TVS XL100 Price
    TVS XL100 is priced at Rs 41,139 – Rs 52,343 ex-sh. It basically caters to semi-urban and rural markets and is a popular buy in the company lineup for its cheaper running costs and affordable maintenance.
    Its design is utilitarian with a tall set handlebar, single seat and slim tyres. It weighs a total of 86 kgs with maximum payload capacity of 130kg and has a fuel tank capacity of 4 liters. TVS XL100 Comfort i-TOUCHstart comes in equipped with Integrated Starter Generator technology that aids in instant and silent start of the moped.
    TVS XL100 Prices
    Features also include a rounded halogen headlamp with an LED strip flanked by turn indicators. It gets a large footboard for loading luggage, footpegs on either sides for a more comfortable riding position. TVS XL 100 gets a basic instrument cluster with analogue speedometer and odometer and for the high-beam and turn indicators. The Comfort variant also sports a USB phone charging socket as well. It also gets added chrome on exhaust cover.
    TVS XL100 Engine Specs
    TVS XL100 Comfort is powered by 99.7cc BS6, single cylinder, fuel injected, 4 stroke engine offering 4.3 hp peak power at 6,000 rpm and 6.5 peak Nm at 3,500 rpm. The engine gets mated to a single speed gearbox with centrifugal wet clutch.
    It gets front and rear drum brakes along with combined braking system. It also gets conventional telescopic suspension in the front and dual hydraulic springs at the rear. A touchstart system is offered across both, Comfort as well as Heavyduty variants.
    TVS XL100 EMI Scheme
    Earlier this year, in view of the ongoing pandemic, the company introduced special EMI schemes for its top selling TVS XL100. EMIs are charged on a monthly basis of Rs 1,470 per month, working out to Rs 49 per day. The XL100 can also be purchased at a lower down payment of Rs 7,999 with a 6 month EMI holiday during which period, buyers will not have to make any EMI payments. These finance schemes for XL 100 were in association with finance companies such as L&T, TVS Credit, IDFC First Bank and Shriram Finance. More

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    Bajaj Chetak Vs TVS iQube – Electric Scooter Sales Sep 2021

    Bajaj Chetak Electric Scooter In New Topaz Blue ColourIncreasing fuel prices have worked as a catalyst to boost electric two-wheeler sales in the country
    While there is no dearth of electric two-wheeler brands in the country, Chetak and iQube are currently the only ones offered by established auto companies. Barring a few months, combined sales of Chetak and iQube have consistently risen since January 2021. From 241 units in January, sales are now at 1,408 units in September.
    This could be indicative of growing consumer confidence in electric two-wheelers. The shift is happening due to several reasons including rising fuel prices and subsidies announced by the government.
    Prices of many electric two-wheelers are now at par with popular petrol-powered two-wheelers. With subsidies, some electric scooters are even priced lower than popular petrol scooters. Adequate range and availability of charging infrastructure are other factors contributing to increasing sales of electric vehicles.
    Electric Scooter Sales – 5X YoY growth
    Combined sales of Chetak and iQube was 295 units in September last year. Comparing with September 2021, the numbers have risen quite close to 5X in YoY terms. Since June this year, combined sales of Chetak and iQube has been consistently above the 1k mark. Total sales during Jan-Sep period are 6,667 units. TVS iQube is ahead with 3,670 units, as compared to 2,997 units of Bajaj Chetak.
    Bajaj Chetak vs TVS iQube – Sep 2021 Sales
    Chetak sales in September is at 642 units. YoY numbers have more than doubled, as compared to 288 units sold in September last year. Chetak MoM growth is at 76.37%, as compared to 364 units sold in August 2021. iQube sales in September is at 766 units. YoY growth is 10843%, as compared to 7 units sold in September last year. MoM growth is 18.03%, as compared to 649 units sold in August 2021.
    Bajaj Chetak vs TVS iQube In 2021
    Shortage of auto components
    While global shortage of auto components has affected most OEMs, companies like Bajaj are among the ones who have been hit hardest. This is why sales are on the slower side despite getting high number of bookings. The shortage situation, especially that of semiconductors is expected to continue till next year. Tech companies worldwide are making fresh investments to open new facilities and boost production at existing units. Supply situation may take several months to return back to normal.
    In the near future, other mainstream auto companies like Honda and Hero MotoCorp are expected to launch their respective electric two-wheelers. Honda Motorcycle & Scooter India (HMSI) is expected to launch their electric scooter by next fiscal year. Honda BENLY e electric scooter has already been spotted testing here. However, it’s not certain if India will get BENLY e electric scooter or some other model. The electric scooter being planned by Honda will be targeted at global markets as well.
    Hero MotoCorp is expected to launch its first electric product in March 2022. Another model will be launched in second half of next year. Hero had partnered with Taiwan-based EV manufacturer Gogoro to develop its electric scooters. Gogoro will also be involved in developing battery swapping infrastructure for Hero’s upcoming electric two-wheelers. Bajaj and TVS will be observing these developments closely. More